FSC reports 57% surge in Q3 profit to Rs 19.7 cr

February 13, 2019: Future Supply Chain Solutions (FSC) has reported a surge of 57 percent in its net profit to Rs 19.7 crore for the quarter ended December 31, 2018 from Rs 12.6 crore in the corresponding period last year. Total revenue of the company rose 43.2 percent to Rs 332.6 crore for the October-December 2018 quarter, from Rs 232.3 crore for the same period last year.

The third-party supply chain solutions specialist also saw its total warehousing area of the company shot up by 68 percent to 7.31 million square feet during the third quarter of the current financial year as against 4.36 million square feet in the comparable period last year.

Commenting on the results and the business outlook, Mayur Toshniwal, managing director of FSC said, "I am pleased to share that this has been a great quarter for FSC with both revenue and profit growth surpassing expectations. The strong momentum continued in new client acquisitions, thereby further consolidating our position as one of the fastest growing logistics solution provider in India. In the coming months, we will be implementing newer technologies and increase the use of automation in our operations, such as robotics and voice picking. This will further drive our business intelligence and create value for our stakeholders and customers."